KEFI Gold and Copper Tulu Kapi Gold Mines workshop with key local stakeholders

KEFI Gold and Copper

KEFI Gold and Copper plc (LON:KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has announced that Tulu Kapi Gold Mines Share Company has successfully concluded a three-day workshop with representatives of various Ethiopian Government agencies and other local representatives to agree the immediate actions required to enable launch of the Company’s Tulu Kapi Gold Project.

During the three-day workshop, TKGM and the various government agencies and others in attendance agreed on action plans, including the implementation of the first phase of the community resettlement, increasing employment of local personnel for site preparations, and upgrading of security protection as people movement increases.

Local stakeholders in attendance included the community representatives of project affected persons, the Ministry of Finance, the Oromia Regional Government Administration President’s Office, together with West Wolega Zone Administration, Oromia and Zonal Land Administration Office, rehabilitation and restoration agencies, Woreda Administrations of Genji, Gimbi and Lalo Asabi, local security forces, the Ethiopian Roads Authority and the Ethiopian Electric Power Company.

The workshop followed recent meetings between KEFI and the Ministry of Mines, Ministry of Finance and the office of the Prime Minster committing to collaboratively work intensely to finalise Government administrative clearances and other preparations for project construction and operating contracts and financings.

KEFI Gold and Copper Executive Chairman, Harry Anagnostaras-Adams, commented: “It is an honour for our team to work hand in hand with so many stakeholders including the community and the large number of Government agencies involved, to provide the local infrastructure and the support services.  The Tulu Kapi Gold Project will be a first for many decades in Ethiopia and we all agreed over the past few days that it will be achieved by collaborative dedication to comply with the highest international standards for social, environmental and technical performance.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

KEFI moves first in Ethiopia as mining sector opens to global capital

KEFI is now building Ethiopia’s first internationally backed gold mine, with capital secured and construction underway.

KEFI Gold and Copper plans full Tulu Kapi project development by late 2025

KEFI says full development of the Tulu Kapi Gold Project is expected to begin by the end of 2025, with a US$340 million budget finalised and lender approval secured for the US$240 million debt component.

Gold poised at the edge of policy pivot

Gold is setting up for a policy‑driven move as growth concerns and rate‑cut expectations converge.

Gold gains momentum amid dollar weakness and rate cut bets

Gold is gaining traction as the dollar weakens and rate‑cut expectations rise, offering investors a timely diversification tool.

Gold’s position in a changing landscape

Gold is moving from peripheral hedge to core allocation as structural demand and policy shifts converge.

Final funding gears into motion at one of Ethiopia’s most advanced gold projects

KEFI secures US$240m in project debt as final equity funding enters oversubscribed phase, pushing Tulu Kapi closer to execution.

Search

Search